Page 22 - Introduction to strategic management

4- Explain the Steps of Strategic

Management Process

Steps of Strategic Management Process

Strategy Implementation:

Strategy implementation implies making the

Strategy strategy work as intended or putting the

Implemen- organization’s chosen strategy into action.

tation Strategy implementation includes designing
the organization’s structure, distributing
resources, developing decision making

process and managing human resources.

Strategy Evaluation:

Strategy evaluation is the final step of

strategy management process. The key
strategy evaluation activities are: appraising
internal and external factors that are the

Strategy root of present strategies, measuring

Evaluation performance, and taking remedial /
corrective actions. Evaluation makes sure
that the organizational strategy as well as

its implementation meets the organizational
objectives.

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